Top Companies by Net Cash — Real Estate

Net cash is the most-recent-quarter cash and short-term investments minus total debt (short-term plus long-term borrowings). Only companies with positive net cash appear on this leaderboard — those whose liquid balance covers every dollar of debt with cash to spare. The figure is a single point-in-time snapshot rather than a trailing aggregate.

Net cash is balance-sheet optionality: it funds buybacks during a sell-off, dividends in a downturn, M&A without dilution. Read alongside cash on hand and total debt to see the gross composition. Values use the quarter-end (closing) FX rate to translate non-USD balance sheets into U.S. dollars (IAS 21). Rankings USD translation methodology · IFRS IAS 21 (official)